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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (191247)	7/8/2006 8:57:44 PM
From: michael97123	Read Replies (2) \| Respond to of 281500

see you guys in a week. Last time i went on vacation rumors were rampant that i had died. Syl and Geode actually celebrated. Sioux Pal on the idiot thread did an indian dance and drank fire water. Anyway chill fadg and i shall return.

To: Wharf Rat who wrote (191247)	7/9/2006 3:15:35 AM
From: geode00	Respond to of 281500

Last year Goldman Sachs announced that it expected $100/bbl and above. I'm going on the conspiracy theory that these alarmist spikes are all about getting primo buckos out of a commodity. I think we should invite Brazil to explain to GM about Flex cars. Frankly, I'm tired of thinking about rotting vegetation and dead dinos going into my tank...yuck. zapworld.com Goldman Sachs warns of $105 a barrel oil Mar 31, 2005 -- NEW YORK (AFP) - World oil prices surged on a wave of speculative buying sparked in part by a Goldman Sachs study that predicted levels of more than 100 dollars a barrel, traders said. New York's main contract, light sweet crude for delivery in May, soared 1.41 dollar to 55.40 dollars per barrel in early deals, off a peak of 56.10 dollars. In London, the price of Brent North Sea crude oil for delivery in May rocketed 2.20 dollars to 54.29 dollars. "Goldman Sachs research brought up concerns about crude oil, saying that the market is headed for an abrupt upward trend because of the tightness of supply and demand," PFC Energy analyst Seth Kleinman said. The investment bank warned of a possible "super-spike" in oil prices above 100 dollars a barrel. "We believe oil prices have entered the early stages of a super-spike period," said analyst Arjun Murti, who raised his price range to 50-105 dollars a barrel from 50-80 dollars. The higher price range was foreseen to last several years because of "strength in oil demand and economic growth, especially in the United States and China," Murti said. London-based Societe Generale analyst Deborah White said: "We seem to be going through another wave of fund buying ... not only by the hedge funds but also by the pension funds. "Commodities are so hot right now. What has set off the wave of buying today is the Goldman Sachs report that talked about a super spike," she added. Oil prices were also supported Thursday by supply worries ahead of a likely strike by energy workers in Nigeria, Africa's biggest exporter of crude...."